Question : _________________________ refers to the money value of final goods and services that all the producers are willing to supply in an economy in a given period of time. 
 

Question : The term "aggregate demand" refers to the total demand for:

Question : Effective demand refers to that level of aggregate demand which becomes effective because it is equal to aggregate supply.
 

Question : ____________ refers to the total expenditure incurred by government on consumer goods and capital goods to satisfy the common needs of the economy.
 

Question : According to this approach, the equilibrium level of income in an economy is determined where aggregate demand is equal to aggregate supply.